Wednesday, May 20, 2009

Now Nifty levels to be watched are 4325 and 4240 any side breakout may lead another 100-200 points in the same direction.


Tomorrow Nifty testing 4175 will be first indication of next targets of 4016 3776. There may be hurdle around sentimental mark of 4000.


The stocks mentioned in the morning to watch out for correction were:

RIL, DLF, SBI, RELCAP, RELPOWER

The results were as follow:

RIL – corrected more than 4% and closed more than minus 3.5%

DLF - corrected more than 9% and closed more than minus 7.5%

SBI - corrected more than 1.5% and closed more than plus 1.0% (on expectation of good news for banking sector)

RELCAP - corrected more than 7.5% and closed more than minus 7%

RELPOWER - corrected more than 3% and closed more than plus 6% (on expectation of good news from Reliance group)


This is only for educational purpose,
this is NOT for trading



Think Tank
  • Do Paper Trading before you start trading with your hard earned money.
  • Instead of Targeting profit, emphasize more on minimizing trade loss
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